News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Brexit

Politicians and ex-trading bosses launch new City lobby group to tackle Brexit

Initiative aims to promote ‘bold new initiatives to exploit the UK’s expertise in financial services’

A new lobby group has been formed to tackle Brexit on the back of  complaints from the Prime Ministers office about the EUs unwillingness so far to grant the UK equivalence
A new lobby group has been formed to tackle Brexit on the back of complaints from the Prime Ministers office about the EUs unwillingness so far to grant the UK equivalence Photo: Getty Images

Former trading chiefs and Eurosceptic British politicians have formed a new City-focused lobby group to “combat and negate the EU’s actions” by  “promoting bold new initiatives to exploit the UK’s expertise in financial services”.

The initiative, dubbed the CityUnited project and launched on 14 February, follows news of a pronounced shift in equity trading to venues in the EU, including those in Amsterdam, at the start of the year.

WSJ Logo